Category Archives: Doing Business

Who’s the Winner in the Tug-of-War between ‘Walled Garden’ and ‘Open Plain’ Strategies?

In August, less than three months after the introduction of Apple’s iPhone, a New Jersey teen announced that he had “hacked” into the mobile-communications device. The hacker was clearly expressing the frustration that many consumers feel towards Apple for adopting a “walled garden” — as opposed to an “open architecture” or “open plain” — corporate strategy. While the walled garden approach often restricts consumers’ ability to modify devices or marry them with other firms’ products and services, the open architecture approach has its drawbacks as well. Wharton faculty and others look at the advantages and disadvantages — for both consumers and companies — of these two strategies.

More at Knowledge@Wharton

VCs back in the reckoning

The venture capital sector is finally bouncing back from its post-bubble blues, although it’s still a long way from the euphoria of the late 1990s. Blockbuster deals — like YouTube’s recent sale to Google for $1.65 billion and Skype’s sale last year to eBay for $2.6 billion — are giving venture investors new confidence in their ability to cash out, said a group of venture capitalists who spoke on a panel at the 2007 Wharton Economic Summit. In addition, new sectors like “clean tech,” an umbrella term for environmentally friendly technologies, and trends like the aging of populations in the developed world are creating promising investment opportunities.

More at Knowledge@Wharton